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Hole-in-One Insurance Protects Your Golf Course Derby KS

Most hole-in-one prizes, particularly ones offered at charity or other fundraising events, are offered on a par-3 hole, since offering it on a higher-par hole would usually discourage participation. Insurance companies calculate the premium of this coverage based on a number of factors, including the cash value of the prize, the length of the hole and the number of attempts allowed to each participant.

Farmers Insurance
(316) 685-0440
1819 S Rock Rd
Wichita, KS
 
Valerie Mejia - American Family Insurance
(316) 688-1030
3876 N Woodlawn
Wichita, KS
 
Agri-Risk Services
(913) 897-1699
7540 W 160th Street
Overland Park , KS
 
Farmers Insurance Group
(913) 248-7790
7220 Renner Rd
Shawnee, KS
Alternate Phone Number
913-248-7790
Services
Business, Work Comp, Auto, Home, Life

Luengo Insurance Agency and Consulting Firm
(913) 248-7790
11083 Hauser St
Lenexa, KS
Alternate Phone Number
913-248-7790
Services
Insurance Agency, Kansas City Life Insurance, Kansas City Auto Insurance, Kansas City Commercial Insurance, Kansas City Homeowners Insurance
Prices and/or Promotions
Insurance and Consultatation

davidson pham
31683197833
402 w 21st
wichita, KS
Alternate Phone Number
3168319783

Agri-Risk Services Inc
(913) 897-1699
7540 W 160th St
Stilwell , KS
 
The Heartland Gallogly Agency
(913) 345-9090
4400 College Blvd #370
Overland Park, KS

Data Provided by:
State Farm Insurance - Ron Culp CLU ChFC
(913) 648-0585
9407 W 87th St
Overland Park, KS
Alternate Phone Number
(913) 648-0585

Goodman, Dave - State Farm Insurance
(913) 764-4000
1990 E Santa Fe Suite 201
Olathe, KS
Alternate Phone Number
800-369-0404

Data Provided by:

Hole-in-One Insurance Protects Your Golf Course

Provided By: 

Hole-in-one Insurance

Coverage that protects your favorite golf course from the cost of a perfect swing

Insurance may not be the first thing that occurs to you when you think of perks at your local golf course. You’d probably think instead of the excellent martinis at the clubhouse bar or the reduced tee-off price you get for guests with your membership. In fact, you may not have given a moment’s thought to the shiny new Lexus that the club offers anyone who gets a hole-in-one, since, well, what are the odds that that’s ever going to happen?

But did you ever wonder who actually pays for that car, or any other prize your golf course offers for a perfect shot? Well, it’s mostly likely not the golf course itself. Chances are the club has purchased hole-in-one insurance – also known as prize indemnification – to cover the cost of the winnings in the unlikely event that someone actually makes that shot.

Hole-in-one insurance is similar to other big-ticket types of coverage, such as boat insurance or farm insurance Most golf courses utilize this kind of indemnity for major golf tournaments or fundraisers where the prize value – sometimes as high as $1 million – is far more than the club or sponsors could afford to pay.

Most hole-in-one prizes, particularly ones offered at charity or other fundraising events, are offered on a par-3 hole, since offering it on a higher-par hole would usually discourage participation. Insurance companies calculate the premium of this coverage based on a number of factors, including the cash value of the prize, the length of the hole and the number of attempts allowed to each participant.

Despite the unlikelihood of a hole-in-one, most insurers have very specific requirements before they will provide indemnity. Usually the prize must be offered on one specific par-3 hole, not any par-3 on the course. If contest participants are professional golfers, then the premium will obviously be higher than if they were amateurs. And some...

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